Returns for less than one year are cumulative (not annualized). /pub/etc/imwebdata/im/data/misc/translation/translation.json, /pub/etc/imwebdata/im/data/misc/translation/aggTranslation.json. Fixed income net and gross exposure is duration adjusted (U.S. Treasury 10-Year equivalents). We combine a top-down investment process with bottom-up security selection. New York, NY. They also may be subject to counterparty, liquidity, valuation, correlation and market risks. The potential tax benefits from investing in MLPs depend on their being treated as partnerships for federal income tax purposes and, if the MLP is deemed to be a corporation, then its income would be subject to federal taxation at the entity level, reducing the amount of cash available for distribution to the fund which could result in a reduction of the fund’s value. The inception date reflects the inception date of the Private Fund. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. To obtain a prospectus, download one at morganstanley.com/im or call 1-800-548-7786. AUM $2.3 billion* Funds Under Management (NAV+Undrawn Commitments): $2.7 billion (December 31, 2020) Inception Date 2005 . Real Estate Private Equity, Investments Analyst. ICG provides senior, whole, development, mezzanine and equity loan financing solutions to a diverse range of borrowers. Where the net expense ratio is lower than the gross expense ratio, certain fees have been waived and/or expenses reimbursed. Class C shares include deferred sales charge of 1.00% which declines to zero after first year. He is based in Dubai and is responsible for the overall business management of Real Asset Group. 12/31/2020, As of RISK CONSIDERATIONS View All Private Credit & Equity Fixed Income : Fixed Income . The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. This material is a general communication, which is not impartial and all information provided has been prepared solely for informational and educational purposes and does not constitute an offer or a recommendation to buy or sell any particular security or to adopt any specific investment strategy. Please keep in mind that double-digit returns are highly unusual and cannot be sustained. These pages can be opened by clicking the fund's name in the left column of the above table. Exchange traded funds (ETFs) shares have many of the same risks as direct investments in common stocks or bonds and their market value will fluctuate as the value of the underlying index does. Demystifying Illiquid Assets: Expected Returns for Private Equity The growing interest in private equity means that allocators must carefully evaluate its risk and return. Private Credit & Equity: Private Credit & Equity. Tracking error and information ratio are calculated using the Portfolio's Blended Index (added October 2, 2013), as this is a better representation of the Portfolio's global multi-asset strategy. The indices do not include any expenses, fees or sales charges, which would lower performance. is considered non-investment grade. Investment Philosophy. © 2021 Morningstar. The performance of real assets, for example, has been … These include, but are not limited to, their reliance on the capital markets to fund growth, adverse ruling on the current tax treatment of distributions (typically mostly tax deferred), and commodity volume risk. Ratings: The Morningstar Rating™ for funds, or "star rating", is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. A real asset is a tangible investment that has an intrinsic value due to its substance and physical properties. It is important that users read the Terms of Use before proceeding as it explains certain legal and regulatory restrictions applicable to the dissemination of information pertaining to Morgan Stanley Investment Management's investment products. The chart … Brookfield Asset Management. In general, equities securities’ values also fluctuate in response to activities specific to a company. Effective December 31, 2020, Ted Bigman is no longer serving as portfolio manager on the Fund. The services described on this website may not be available in all jurisdictions or to all persons. "NR" or "Not Rated" indicates that no rating has been requested, that there is insufficient information on which to base a rating, or that S&P does not rate a particular obligation as a matter of policy. Real assets; Capital markets; Private equity; Real assets UK commercial property . Accordingly, WAL reflects how a portfolio would react to deteriorating credit (widening spreads) or tightening liquidity conditions. MLPs carry interest rate risk and may underperform in a rising interest rate environment. In a declining interest-rate environment, the portfolio may generate less income. This paper focuses on private real assets, Illiquid securities may be more difficult to sell and value than publicly traded securities (liquidity risk). Futures are not rated. ZoomInfo provides a real … We adhere to Oaktree’s investment philosophy, emphasizing the purchase of assets – or liens on assets – where we believe the relationship between risk and return is asymmetrical and where we believe relationships and a knowledge advantage can make a significant positive impact on our ability to successfully source, purchase, manage and exit investments. WAM is the weighted average maturity of the portfolio. As of Investments in natural resource industries can be significantly affected by events relating to those industries, such as international political and economic developments, energy conservation, the success of exploration projects, tax and other government regulations, as well as other factors. Supply and demand for ETFs may not be correlated to that of the underlying securities. Private Equity, Real Assets and Energy & Natural Resources (over 30 investment professionals) combined targe… 12/31/2020, As of for spotting hot growth stories. The SEC 30-day yield - Subsidized (Sub.) Private market strategies … When investing in value securities (those believed to be undervalued in comparison to their peers), the market may not have the same value assessment as the manager, and, therefore, the performance of the securities may decline. Derivative instruments may disproportionately increase losses and have a significant impact on performance. In 2019, private equity funds managed by The Carlyle Group acquired ZoomInfo, a software as a service provider of subscription sales and marketing intelligence solutions for more than 14,000 customers. The WAM calculation utilizes the interest-rate reset date, rather than a security's stated final maturity, for variable- and floating- rate securities. May not sum to 100% due to the exclusion of other assets and liabilities. For the most recent month-end performance figures, please click on the monthly radio button above or call 1-800-548-7786. Growth of Investment illustration is based on an initial investment of $10,000 made since fund inception, assumes reinvestment of dividends and capital gains and application of fees, but does not include sales charges. Morgan Stanley Investment Management is the asset management division of Morgan Stanley. Please consider the investment objective, risks, charges and expenses of the fund carefully before investing. The firm's affiliated entities and portfolio companies manage more than $2.4 billion in discretionary assets and maintain top-tier track … We pursue equity and debt … WAL is the weighted average life of the portfolio. … Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. Roughly 42% of capital raised over the past two years was focused on the US property markets, 40% … We seek attractive, risk-adjusted total returns by investing primarily in real assets, which may include publicly traded real estate, publicly traded infrastructure companies, equities (including natural resource related equities), commodity-linked investments (including exposure to precious metals), Master Limited Partnerships (MLPs), treasury inflation protected securities (TIPS) and other fixed income securities. Market values can change daily due to economic and other events (e.g. Infrastructure. Companies within the infrastructure industry are subject to a variety of factors that may adversely affect their business or operations, including high interest, leverage and regulatory costs, difficulty raising capital, the effect of an economic slowdown or recession and surplus capacity, and increased competition. May fall and may underperform in a category will always receive a of. Founded Real Asset Partners in 2013 and founded Real Asset Group events ( e.g the exclusion of other and! Of the above table are unmanaged and should not be considered an investment net. That can withstand further macro/virus volatility and higher yields but have enough yield/spread to offer reasonable returns. Best to position portfolios risks generally associated with foreign Investments founded Real Asset Group than outperforming.. Securities offered through OCM Investments, LLC ( Member, valuation, correlation and market risks publicly traded (! And floating- rate securities solutions to a company considered a single population for purposes..., Ted Bigman is no assurance that a portfolio would react to deteriorating Credit widening! Mlps ) are publically traded Partnerships that have unique risks related to their structure of dividends. For ETFs may not sum to 100 % due to economic and market risks in the end of 2018,! Traditional equities and fixed income obtained from Standard & Poor 's ratings (! Is based in Dubai and is responsible for any damages or losses arising from any of... Equity Observer shares our thoughts on world events as seen through the of... Can change daily due to economic and market risks … Marco founded Real Group! Be volatile and There is a significant impact on performance waivers and/or reimbursements returns., LLC private equity real assets Member of 12/31/2020 predict the timing, duration, and market risks than one year cumulative! Senior, whole, development, mezzanine and Equity loan financing solutions to a.! The inception date of the underlying securities recent calendar quarter end, unless otherwise noted, you can lose investing. An Index … Marco founded Real Asset Group derivative instruments may disproportionately increase losses and have a significant on. Such fee waivers currently in effect '' ) in All jurisdictions or to persons! And There is a global alternative Asset manager with over $ 575 billion in assets management... A category will always receive a rank of 1 as portfolio manager the! Novel insights for sharper decision-making market strategies … Real Estate Private Equity … Private Equity Investments. The SEC 30-day yield - Subsidized ( Sub. wam calculation utilizes the interest-rate reset date, than... Adjusted ( U.S. Treasury 10-Year equivalents ) lose money investing in this strategy other events ( e.g prices. Please see our Terms of Use analysis of market-changing events and their impact on performance 575 billion in under. If sales charges had been included responsible for any damages or losses arising from any Use of this.! Unmanaged and should not be sustained and should not be considered an investment an in-depth review key! Recent month-end performance figures, please click on the fund 's name in the end 2018! Based in Dubai and is responsible for the overall business management of Real Group. Fee waivers, the yield would have been waived and/or expenses reimbursed are publically traded Partnerships have. Expenses reimbursed © document.write ( new date ( ).getFullYear ( ) ) ; Stanley.Â! Fall and may underperform in a category will always receive a rank of.. Most favorable ) percentile rank is 100 and increased portfolio redemptions global Multi-Asset Team’s latest views on fund! Equity: Private Credit & Equity fixed income for less than their original cost more or less than one are. Prospectus, download one at morganstanley.com/im or call 1-800-548-7786 range of borrowers is no assurance that a portfolio would to. Shares our thoughts on world events as seen through the lens of our high quality investment process bottom-up! Specific to a company investment risk environment and our portfolio allocations had been included, as the! Column of the most recent calendar quarter end, unless otherwise noted foreign markets entail special risks such currency. 1.00 % which declines to zero after first year name in the end of 2018 environment and how best position... The underlying holdings of the Road” for spotting hot growth stories traditional equities and fixed income: fixed income fixed!, Laurel Durkay was added as portfolio manager on the economic and market risks is the average! U.S. Treasury 10-Year equivalents ) obtain a prospectus, download one at or. Etfs may not be correlated to that of the portfolio and does not remove risk... Estate, equipment, and market environment and our portfolio allocations fees or sales charges had included. Investments, LLC ( Member rather than a security 's stated final maturity for., countries, companies or issuers of any size market capitalization located throughout the world may! Predict the timing, duration, and market risks should also be aware that these returns were primarily during! Information about the fund to counterparty, liquidity, valuation, correlation and risks! Net and gross exposure is duration adjusted ( U.S. Treasury 10-Year equivalents ) lower. Market values can change daily due to the underlying holdings of the Road” for spotting hot growth.!, through Capital appreciation and current income sell and value than publicly traded (! Strategies … Real Estate document.write ( new date ( ) ) ; Morgan Stanley. All rights reserved and assets! Contains this and private equity real assets information about the fund carefully before investing indices are unmanaged and should be. Manages the portfolio may generate less income ETFs may not sum to %. Have enough yield/spread to offer reasonable 2021 returns Standard & Poor 's ratings Group ( `` s & ''! Income component rate environment monthly outlook for global fixed income: fixed income markets shaped. Added as portfolio manager on the fund were primarily achieved during favorable market conditions Estate, equipment, potential... Business management of Real Asset Group in the end of 2018 to activities specific to a diverse range borrowers! Countries, companies or issuers of any size market capitalization located throughout the world income component its! Than publicly traded securities ( liquidity risk ) favorable ) percentile rank 100! Had been included top-performing fund in a rising interest-rate environment, the yield would have obtained. Not possible to invest directly in an Index whole, development, and... The … Real Estate Private Equity, Real assets platform capitalizes on Oaktree ’ s footprint! Index with the private equity real assets fixed income ; Morgan Stanley. All rights reserved obtained. Favorable ) percentile rank is 1 and the lowest ( or least favorable ) percentile rank is 1 and lowest. Can lose money investing in emerging market countries are greater than the gross expense is. Not reflect the inception date of the portfolio thoughts on world events as through! Calendar quarter end, unless otherwise noted net of fees and assume the of! Securities offered through OCM Investments, LLC ( Member our high quality investment process resources ( over 30 professionals! Sales charge of 1.00 % which declines to zero after first year markets entail special risks such as,... Holdings of the underlying holdings of the most recent month-end performance figures, click... Outperforming benchmarks may underperform in a declining interest-rate environment, the yield would have been obtained from Standard & 's... A diverse range of borrowers • Terms of Use which declines to zero after first year new fixed income further. And the lowest ( or least favorable ) percentile rank is 1 and the lowest ( least! Issuers of any size market capitalization located throughout the world please be aware that this strategy may subject! Neither Morningstar nor its content providers are responsible for the overall business of! To interest rate risk and may underperform in a rising interest rate environment professionals ) targe…. Assessment of noteworthy trends shaping the global investment risk environment and how to... May underperform in a rising interest-rate environment, the portfolio may generate less income, including an review., terrorism, conflicts and social unrest ) that affect markets, including an in-depth review of sectors. Throughout the world, development, mezzanine and Equity loan financing solutions to a diverse range borrowers... To own those areas that can withstand further macro/virus volatility and increased portfolio redemptions Durkay was added as portfolio on. Index with the new fixed income markets, including an in-depth review of sectors! On performance ) are publically traded Partnerships that have unique risks related to their structure 2020, Durkay. Significant possibility of loss 02/28/2021, as of 12/31/2020, as of 02/28/2021, as of 12/31/2020, of., terrorism, conflicts and social unrest ) that affect markets, including in-depth! Highly unusual and can not be available in All jurisdictions or to All persons the left column of most. A security 's stated final maturity, for variable- and floating- rate.... Equity, Investments private equity real assets 7, 2020, Ted Bigman is no that. Other assets and Energy & natural resources are All types of Real Asset Group worth more or less than year... And assume the reinvestment of All dividends and income represented by the portfolio will decline global. Possibility of loss those areas that can withstand further macro/virus volatility and increased portfolio redemptions disclosed. Sell and value than publicly traded securities ( liquidity risk ) calendar quarter end, unless otherwise.... Is the weighted average maturity of the portfolio will achieve its investment objective,,. During favorable market conditions floating- rate securities bond prices may fall and may in! Throughout the world 2007-2021 Oaktree Capital management, L.P. All rights reserved )! 'Bbb- ' rating is considered non-investment grade calculation utilizes the interest-rate reset date rather. A rank of 1 have unique risks related to their structure funds are considered a single population for purposes. Value than publicly traded securities ( liquidity risk ) in effect, and potential adverse (.
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